Halliwells’ creditors join forces for action plan

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  • Oh dear, HMRC are in the mix which means Mr Austin's interpretation of the time to pay scheme may get him into some trouble.
    I bet those who received the reverse premium money and also trousered the proceeds from the sale of HLI will be a tad worried.

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  • It'll be interesting to see if the creditors committee decide to take a tough line (to the extent of throwing good money after bad) to make it clear to the profession that they're not going to simply write off the money. I suspect the dodgier end of the profession will be looking to the result as an indicator of what they can get away with. The Revenue might decide that they want to send out a stern message that they are not going to be the fall guys for those who take the money and run.

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  • I shall point him toward this article if I see him in court today.

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